Safe DAOs Propose Protocol Licensing Fees

IconCryptoNewsTerminal Staff30 Aug, 2024

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Safe DAOs Propose Protocol Licensing Fees

The SAFE (formerly Nosis Safe) decentralized autonomous organization (DAO) is considering a plan to charge protocols that integrate with its Safe wallet a licensing fee. The move is expected to generate $2.5 million in annual revenue, according to The Block. SAFE contributors argue that the fees are necessary to fund the development and maintenance of the Safe platform. The fees would range from $10,000 to $50,000 per year, depending on the size and scope of the integration. The proposal has been met with mixed reactions from the community. Some users support the idea, arguing that it will help to ensure the long-term sustainability of the Safe platform. Others have expressed concern that the fees could stifle innovation and limit the accessibility of the Safe wallet. The SAFE DAO is expected to vote on the proposal in the coming weeks.

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